Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Dubai strategy: past, present, future

No description
by

lily lee

on 10 December 2012

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Dubai strategy: past, present, future

Dubai Shipping Festival
The Palm
The World
The Burj Al Arab Contents Economic Profile The Product Hotels, Gucci, And
Snow Mountains A Tourism destination
Jumeirah group (1997)
Burj Al Arab
Medinat Jumeirah
Ban Al Shams resort (2004) Dubai Strategy:
Past, Present
Future Exhibit 4: Introduction What is exactly Dubai? Creation of Dubai Inc. -The Mina (Port) Rashid (1972)
-35 berths(1978)
-Jebel Ali Port (1979) - the world’s largest man-made harbors
- the biggest port in the Middle East
- ranked as the three man-made objects
-The Jebel Ali Free Zone (1985)
-The third most important re-export center (2004)
-The Dubai Airport (1959)
-Emirates Airline (1985)
-The Dubai World Trade Center (1979)
-largest exhibition halls and host think tank Boats and Planes Resources -Inflation
-Revaluation of the currency
-Inequality
-Clash of cultures
-Transparency
-Expatriate community integration
-Leadership
-Allocation of resources
-Bubble to crash
-Global terrorism Challenges and problems -Introduction
-Creation of Dubai, Inc.
-Economic Profile
-Why Dubai?
-Why not Dubai?
-Beyond Dubai
-Dubai outlook2012 -Country: United Arab Emirates (UAE)
-Location: South east of the Persian Gulf on the Arabian Peninsula
- City of Dubai : Emirate’s northern coastline
-Incorporated: 9 June 1833
-Independence from UK: 2 December 1971
-Founder: Hamdan bin Mohammed bin Rashid Al Maktoum
- Sheikh Mohammed / Constitutional monarchy
-Population: 2,262,000 Metro: 3,843,121 (2010)
-Nationality: Indian(35%), Emirati(17%), Pakistani Bangladeshi, other countries Monarch, Non-transparent government, conflicts, fundamentalist, hostile countries, most humid locations Creative, Impressive, Hub of trade, Tourism, Mass communication, Shipping, Finance, Luxury, Multi-billion dollar real- estate ventures, 12 million visitors “ My grandfather rode a camel,
I drive a Mercedes,
my son drives a Land Rover,
his son will drive a Land Rover,
but his son will ride a camel.”- Sheikh Rashid- What is an implication of this quote? Sheikh Rashid Al Makhtoum Business Parks and more Business Parks -Dubai vision 2012
- one fourth of the world’s global 500
companies (2006)

- $40-$60 billion USD to projects
(Dubailand, The Palm, The Dubai International Financial Center (DIFC), Cluster of financial industry) Jebel Ali Free Zone - liberal regulatory environment
- Freedom of ownership and management
- Simplified documentation and government regulation
- Business parks
-Dubai Internet City (1999), fusion business park/free-zone
- Dubai Media City, Studio City, Health Care City, Dubailand,
Dubai Humanitaria City, Dubai Knowledge Village,
Dubiotech, Dubai Industrial City *World class shopping
*Unique, world class projects -29%of the UAE’s GDP 0n 2005
-2.4% in 2009 -> 4.5% in 2012 -60% to the Emirate’s GDP Exhibit 1: *Driving Forces
-Tourism
-Business Conferences -Festival Exhibit 2: Exhibit 3: -Real estate , financial services sector
-Construction 11.9% to total GDP, 48% in UAE
-Stimulate economic activity-property rights, transaction costs, capital gains taxes - Dubai International Financial Center (DIFC ), banking “free zone”
-Dubai International Financial Exchange (DIFX) in 2005 Another contributors

-Government’s strategic policy changes
-Pegging the currency to the USD
-Openness
-Leadership Why Dubai? Three drivers:
- Speed

- Culture

- Governance What is the disadvantage? Who are the expatriates? Why does executive
council created? Why not Dubai? Dubai's Future Beyond Dubai
- International expansion
- Diversify economy and investment geographically What is the way to sustain the momentum and ensure sustainability? How will be the future of Dubai? Thank you for your attention Monarch, Non-transparent government, conflicts, fundamentalist, hostile countries, most humid locations Creative, impressive, hub of trade,
tourism,mass communication, shipping, finance, luxury, multi-billion $ real-estate ventures, 12million visitors Dubai Outlook 2012 -the second largest emirate in the UAE after Abu Dhabi

-one the fastest growing cities in the world

-has a diversified economy as it has managed to decrease its dependency on oil over the years

-total population is estimated to have reached c.2m in 2011

- the crisis in 2009, the trend for deleveraging is expected to continue over the coming years Dubai – an economic outlook 2012(1) -Dubai's construction sector contracted significantly in 2009 a modest recovery was evidenced over 2010 and 2011 with sound growth in the trade and logistics sector reflecting strong exports in 2010 and 2011

-Dubais GDP is expected to grow by 4.1% in Q1 2012, after an increase of 3.5% and 5% in Q3 and Q4 2011 respectively

-Construction and real estate sectors expected to achieve robust growth following a return to positive growth in parallel with global economy recovery Dubai – an economic outlook 2012(2) -Tourism sector will continue to play an important role in Dubai‟s economy

-As global economic slowdown is expected to impact Dubais trade
partners (especially Europe, China, India and other GCC countries),
access to international diverse markets will be a key element for the
emirates trade activities Inflation and government budget <Inflation>
-Inflation is expected to increase to 1.5% in Q1 2012
– Main factors include stability of cash flow in local market, European
sovereign funds activity, euros decline and dollars gains

-Major decrease due to the 2009 economic downturn, low housing and telecom costs

<Budget deficit>
-Fiscal deficit in Dubai declined from 4.3% of GDP in 2009 to c. 2% in 2010 and will continue to decline in 2012
-Dubais public expenditures have been low historically -Dubai is well placed, notwithstanding the debt fall-out constraint, to take advantage of:-located in the centre of a large young population

-It is one of the largest growing economic regions in the world- ability to attract talent
 strong support for education and the Dubai leadership has shown the ability to be a “first mover”

-With its key geographic location and infrastructure, Dubai is seen as the fastest link to rapidly developing markets across the Middle East, Africa, particularly North Africa and South Asia.

-Dubai given its financial services infrastructure and corporate regulation framework, could well become the financial centre for the Middle East Conclusion
Full transcript